In today’s briefing:
- Stark Corporation: Not the Guy from the Movie
Stark Corporation: Not the Guy from the Movie
- STARK Corporation (STARK TB) (Stark) defaulted on its interest payments on 2-June, leading to a default event.
- Stark’s default has exposed the structural weakness in the Thai bond market which is worth discussion.
- We do not believe there is a reasonable basis for calculating the bond recovery value at this juncture.
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